by Bruce | September 13, 2019 | Articles, Business Models, Cultural Considerations, Finance, Globalization, Latin America
The following column is by Antonio Leal Holguin, Director of Latin America for Adam Smith, Esq. I recently spent three days in Lima. A metropolis of close to 10 million people, Peru’s capital is one of Latin America’s most vibrant cities and a famous culinary...
by Bruce | August 26, 2019 | Articles, Business Models, Client Relationships, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy
Has our first (and really only) answer to the question, “What is a corporation’s purpose?” been wrong for the last, oh, 40 or 50 years? The answer, pace Milton Friedman [see note at end], has of course been “shareholder value!” And now...
by Bruce | July 26, 2019 | Articles, Business Models, Cultural Considerations, Leadership, Partnership Structures, Strategy
In our third and final installment of the Maroons/Grays segmentation analysis, we presented this: Here’s a simplistic way of thinking about the two types of firms and the consequences for each of strong or of weak management. Maroons Grays Superbly run Steady as she...
by Bruce | June 27, 2019 | Articles, Finance, Leadership, M&A, Partnership Structures, Recruiting, Strategy
Ask almost any Managing Partner or office leader this question and odds are about 98% that the answer you’ll get is, “It depends.” Indeed. We wish there were reliable, consistent, industry-wide data on laterals’ success ratios, but we’ve...
by Bruce | June 14, 2019 | Articles, Business Models, Client Relationships, Cultural Considerations, Finance, Leadership, Marketing, Partnership Structures, Strategy
Let’s open this third and final installment with the #1 question we’re most frequently asked about this model: Can one firm excel at being both a Maroon and a Gray? No. Or in the very best of circumstances, it’s extremely hard to do and it’s...
